Clinton signs Long Term Care Security Act.Federal employees to have more affordable LTG LTG abbr. lieutenant general insurance options PRESIDENT CLINTON RECENTLY SIGNED into law the Long Term Care Security Act, which allows the Office of Personnel Management (OPM See Oracle Process Manufacturing. ) to negotiate with private insurers to offer more affordable long term care insurance policies to federal employees, retirees, and their families. This will make available a new insurance option to 13 million Americans, and will serve as a model program for private employers throughout the nation. The President also urged Congress to take additional legislative steps, such as to pass a $3,000 tax credit for the chronically ill; to reauthorize and strengthen the Older Americans Act by adding a new caregivers initiative; and to pass a voluntary Medicare prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, benefit. Although it is difficult to quantify, the economic cost of caregiving for families ranges from $4,800 to $10,400 per caregiver, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. one study cited by the White House. |
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